Analyst, Jerry Revich, said, "We reiterate our rating on CMI as strong 2Q cost control showcased Cummins' strong execution and new product sales opportunities in a challenging transition period for global truck and power generation markets. We remain buyers of the stock where we see a compelling new emissions control product cycle in Asia and Europe, market share opportunities in the US, a leading franchise with a strong execution track record in uneven cycles, and an attractive cyclical entry point."

FY12 EPS estimate raised from $8.69 to $9.61, FY13 from $9.72 to $10.65 and FY14 from $11.26 to $12.40.

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